Morocco ranks eighth in the world in terms of financial flows for renewable energies, with investments totaling $6.2 billion between 2010 and 2021, according to a report from the Renewable Energy Agency. These funds have primarily been allocated to solar and wind energy. As part of the 23 countries that capture 80% of these financial flows, Morocco plans to add 6.5 GW of capacity to reach 20 GW in four years. Currently, renewable energies account for 40% of Morocco’s energy mix, with a target of 52% by 2030.
Between 2010 and 2021, investments in renewable energies in Morocco were mainly directed towards solar and wind. These significant financial flows have allowed the Kingdom to rank among the top global beneficiaries, alongside India, Pakistan, Brazil, and Mexico. Morocco is one of the 23 countries that concentrate 80% of global financial flows in this sector.
In terms of prospects, Morocco plans to add an additional 6.5 GW of energy capacity within four years, aiming for a total capacity of 20 GW. This expansion will be accompanied by investments in gas and green hydrogen. Currently, renewable energies represent 40% of the country’s energy mix, with an ambitious target of 52% by 2030. This strategic positioning aims to strengthen Morocco’s energy transition and consolidate its role as a regional leader in the field of renewable energies.